MLS Public Remarks PRICED $1,000,000 BELOW THE APPRAISED VALUE & HUNDREDS OF THOUSANDS OF DOLLARS IN RESTORATION GRANTS ARE STILL AVAILABLE! Built from 1910-12 this building features solid 24” to 30” Indiana Bedford Stone, this 2-story retired Federal Building (Former Post Office) offers so many possibilities. You will be amazed from the minute you walk in by grand architectural detail with domed ceilings and marble floors. At the end of the front lobby / living area is a grand staircase, covered in travertine marble, which leads to the second floor with a long hallway with terrazzo floors all of which are not found in today’s new construction. Located on an oversized lot (0.63 acres), the property includes over 165’ of DEEDED deep-water frontage on the south bank of the Thunder Bay River. Over the last several years, the current owner has periodically allowed large tour boats and barges to take advantage of the deep draft and moor on the sea wall. No other private property is able to offer this great and unique asset. From the rooftop, you have a spectacular breathtaking unimpeded view of the waterfront, draw bridge, downtown Alpena, Alpena Marina, and Thunder Bay/Lake Huron. For the last 10 years, the City of Alpena has approved the property to be used as a private residence, but it is also zoned for commercial use. With over 15,000 sq.ft. (including a full unfinished basement), the possibilities are endless as there are thousands of dollars of grants available to help completely restore this building back to its original glory. This is a perfect venue for a future Rooftop Restaurant, Wedding Chapel, Catering Hall, Bed & Breakfast, Office Building, and Medical Building. Zoned Commercial & Residential. The 1st floor has 5388 Sq. Ft, 2nd floor has 4612 Sq.Ft., and the basement has 5428 Sq.Ft. See attached blueprints and layouts.
http://www.www.johnstoneandjohnstone.com.com/20221010801
Township Alpena
Directions On the corner of 1st and River St.
Fin Below Grd SqFt 0
Total Fin SqFt 10,000
Price/SqFt $200
Current Use Commercial
Unfinished SqFt 0
Above Grade Finished SqFt 10,000
CDOM 376
Sub Property Type Commercial
Year Built 1911
Days on Market 376
Business Type Residential
Land Assessment -
Improvements $3000000
Net Taxes $6150
Acreage 0.63
Taxes -
Tax Year -
Summer Taxes $5445
School District Alpena
Winter Taxes $705
Lower Level Square Footage 0
Waterview Y
Waterfront Y
For Lease/Rent N
Waterfront Desc Direct Water Frontage, River Access, River Frontage, Water Access, Water Front
Est. Total Acres 0.63
Lot Dimensions 126x75
WaterFrontage
165
Heating Hot Water
Water Public (Municipal)
Zoning Commercial, Residential
Body of Water Thunder Bay River
Office Heat Hot Water
Heating Hot Water
Garage 0.0
Architecture 2 Story
Sewer Public Sewer (Sewer-Sanitary)
Exterior Features Fenced
Possession Close Plus 30 D
Exterior Materials Stone
Status Change Date 09/21/2023
Listing Date 07/10/2022
Electronic Consent Hot Water
Internet/IDX Y
Pending Date 07/21/2023
Listing Office
Kw Metro
Office Address
423 S Washington Ave
Listing Number
20221010801
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Thursday, May 16, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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